Bullish Calls

World Wrestling Entertainment (NYSE:WWE): It's a buy, as the company's subscription-based model is good.

Hold Call

Skechers USA (NYSE:SKX): It sells at 14 times earnings. Hold the stock.

Bearish Calls

Chemical & Mining Co. of Chile (NYSE:SQM): It's not an expensive stock, but lithium is not taking off, and hence, Cramer said he cannot recommend it.

Lam Research Corp. (NASDAQ:LRCX): "Remember, Lam on the conference call was not that bullish. They talked about the second half not being that great. Now, the stock has come down a great deal. It yields 2.5%, but not until it gets to 3% would I say we've got to buy. I think CEO Martin Anstice is fantastic, but the semi equipment stocks are not the right place to be at this point in the cycle."